An Improved Grey Multivariable Verhulst Model for Predicting CO2 Emissions in China

A new method for discussing the relationship between CO2 emissions and bilateral FDI is proposed using grey systems theory. CO2 emissions and bilateral FDI, GDP are separately regarded as the input to, and output of, a grey system to establish a grey multivariable Verhulst model, GVM(1,N). To improve the prediction accuracy, the residual modification model are combined to the original GVM(1,N) model. Based on data relating to CO2 emissions and bilateral FDI, GDP in China from 2001 to 2014, empirical research shows that the bilateral FDI help reduce CO2 emissions, whereas the GDP results in CO2 emissions.

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